Delta Exchange, founded in 2018 is an online platform for traders to take long and short positions in the derivative space with cryptocurrency as the underlying asset. Delta is an end to end cryptocurrency platform founded by individuals who have vast and extensive knowledge in the field of finance and technology.
Delta Exchange specialises in leveraged and margin trading, letting user’s trade on margin up to 100x leverage. This means you can get maximum exposure in your particular trades with minimum investment.
A major advantage of Delta Exchange that has made it set apart is that till date Delta has been completely secure and not a victim of any hacks or scams would which otherwise create fear in the minds of traders. Due to this completely safe and secure portal, the individuals registering on Delta and the volumes in transactions have increased on a daily basis.
Just a word of caution, ensure as a trader you have sufficient knowledge about trading, cryptocurrencies, derivatives and technical chart patterns. Once you know these, Delta Exchange is piece of cake for all users. You can read this guide to bitcoin futures for more understanding about crypto futures and trading, and also check our Complete Bitcoin guide.
Trading Pairs/Contracts on Delta Exchange
Delta exchange offers BTC, ETH, XLM and XRP futures. Delta allows users to take long as well as short positions in their desired contracts with up to 100x leverage.
BTC Settled Contracts on Delta Exchange:
BTC-USD: Quoted in USD | Settled & margined in BTC
XLM-USD: Quoted in BTC | Settled & margined in BTC
However, settlement in BTC exposes the traders to risk in price volatility of BTC. To solve this problem, Delta Exchange recently introduced Quanto Futures. These futures are quoted in USD, the margin and settlement happen in USDC (Stablecoin). Delta is the first exchange to launch Stablecoin settled crypto futures.
The exchange rate for USD-USDC remains pegged @ 1 USD during the life of the trade. Settlement and margining in USDC reduce the risk of price volatility of BTC.
In order to trade Quanto futures, you will need USDC. You can convert BTC to USDC using the ‘currency converter’ on Delta exchange trading terminal. The conversion rates are taken from Binance.
USDC Settled Contracts on Delta Exchange (Quanto Futures):
BTC–USDQ: Quoted in USD and settled and margined in USDC
ETH–USDQ: Quoted in USD and settled and margined in USDC
XRP–USDQ: Quoted in USD and settled and margined in USDC
You can check out the fee structure for these by following this link.
Delta Exchange: Platform overview
Delta Exchange website home page appears with the common details about Delta Exchange, and has options to go to live trading and a menu drop down box.
The trading window is quite similar to other online platform valid for trading. To the complete left, it has technical charts and patterns which one can use to draw references. Delta usually produces most of the charts required for your study and hence no outside medium is usually required. The trade counter has options such as buy, sell, order book, recent trades, and the top bid and asks for that contract.
Types of order on Delta Exchange
Delta exchange lets you enter into contracts at your price levels and thus provides you with different types of order options.
- Limit Order – Limit order is used when the trader wants to enter into a particular position as a particular price only. The order will only be executed at the price entered by the trader.
- Market Order – This is a type of order where the trade is executed at the price that is quoted at that very moment. The trader is willing to execute it immediately at the market price.
- Stop Market Order – A stop order is used when the price has reached a particular trigger price. A Market Order will be placed when the market reaches the Trigger Price.
- Stop Limit Order – Just like a Limit order, a stop limit order is placed when the trigger price has been breached.
- Trailing Stop Loss – A Trailing Value is set; if the price reverts by an amount equal to the Trailing Value, a Market Order triggers. Usually, a trailing order is put once the trade has reached its profitable level and the traders do not want to lose out on the profit but do not want to exit the trade either.
Deposits and Withdrawals
At the moment you can only deposit & withdraw BTC on Delta Exchange. However, there is an option of ‘currency converter’ that lets you convert your BTC into ETH, USDC or XRP and vice versa in order to trade various contracts.
In order to deposit BTC on Delta Exchange, you need to first sign-up for an account. Once you are signed up, you can login to your account and deposit BTC.
Deposit is free of cost on Delta while withdrawals have a small fee attached to it. You can withdraw a minimum of 0.001 BTC and a maximum of 2 BTC per day on Delta Exchange.
Delta exchange is currently offering 100% deposit bonus to new traders on their first deposit with a maximum of 0.01 BTC. To know more about this offer, follow this link – https://www.delta.exchange/100-deposit-bonus/
All in all, Delta Exchange has some new as well as old trading contracts up its sleeve. With the introduction of Quanto Futures, the ease of settlement and margin would encourage more users to get onto this platform. Delta exchange is a super user-friendly platform and is compatible for both mobile and web screens with 24×7 support system. Read more about bitcoin futures trading in our PrimeXBT review.